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ARTICLE · 04 JUNE 2021

Market Intelligence Thought Leadership Award Winner

AI, Machine Learning & Big Data 2021

Maples Group
Maples Group
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Maples Group

Maples Group

The Maples Group, through its leading international law firm, Maples and Calder, advises global...

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Ireland is home to a vibrant open AI ecosystem, adopting the tagline "AI Island". Its reputation as the "Silicon Valley of Europe", its educated workforce, low corporation tax of 12.5%...

IrelandTechnology
Kevin Harnett
Kevin Harnett
Claire Morrissey
Claire Morrissey
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Trends

What artificial intelligence ("AI")/Big Data/Machine Learning ("ML") trends are you seeing in your jurisdiction? How has COVID-19 affected these trends, if at all?

Ireland is home to a vibrant open AI ecosystem, adopting the tagline "AI Island". Its reputation as the "Silicon Valley of Europe", its educated workforce, low corporation tax of 12.5%, R&D tax credits of 25%, and a 6.25% preferential tax rate on income derived from qualifying intellectual property (through the so-called "knowledge development box") ensure that Ireland is an attractive hub for AI investment. The AI ecosystem is composed of well-known corporations basing AI R&D and hubs in Ireland, home-grown AI companies attracting the interest of major investors and existing technology companies adding new skillsets and new products to their existing range. Ireland's leaders in AI include IBM, Movidius, Accenture, Veritas, Xilinx and Nuritas. These leaders are complemented by the AI presence of

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